CBC: But the choking off of the waterway — and the resulting spike in oil prices — may now also force some serious consideration of oil export alternatives, analysts say.
“I think the risk is now crystallized in everyone’s mind. Everyone but Iran is going to want to avoid this situation in the future,” said Jim Krane, co-director of the Middle East Energy Roundtable at Rice University’s Baker Institute for Public Policy in Texas.
“So, they need workarounds.”…